The cartel in the oil sector, The Chief Executive Officer of Dangote Refinery, Aliko Dangote, is bigger than the drug world.
“I never knew that the mafia in the oil sector are more powerful than those in the drug cartel. I will keep saying anywhere,” Dangote said during an interview to Bloomberg in the United States, noting that the oil cartel mafia appears to be more powerful than drug cartel.
According to him, these mafias have attempted to use prices to undo his refinery. But because the Dangote Refinery can accept local currency which is naira, it keeps the edge.
“The difference between us and them is that we can accept local currency, which will commence in October."
He stated further that the Refinery has “the capacity to produce twice of what Nigeria needs for fuel consumption.”
In recent times, the Dangote refinery has been wrapped around several controversies regarding its operations.
Most recently, it was at loggerheads with the Nigeria National Petroleum Company Limited (NNPCL) over pricing of each litre of petroleum.
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